Bond yields decrease on selected durations

Friday, 21 June 2019 00:00 - - {{hitsCtrl.values.hits}}

By Wealth Trust Securities

The secondary market bond yields were seen decreasing marginally yesterday on selected durations on the back of renewed foreign buying interest. The yields on the selected maturities of 15.12.21 and 15.07.23 were seen dipping to lows of 9.60% and 10.00% respectively against its previous day’s closing levels of 9.65/70 and 10.05/15 while the maturities of 01.05.21, 15.10.21, 15.03.23, 15.03.24, 15.01.27 and 15.03.28 were traded at levels of 9.50%, 9.60% to 9.62%, 10.05%, 10.20% to 10.22%, 10.52% to 10.55% and 10.58% to 10.60% respectively as well.

The total secondary market Treasury bond/bill transacted volumes for 19 June was Rs. 12.75 billion.

In the money market, the overnight call money and repo rates averaged at 7.97% and 7.98% respectively as the net liquidity surplus in the system stood at Rs. 24.69 billion yesterday. The OMO Department of the Central Bank of Sri Lanka drained out total an amount of Rs. 18.00 billion by way of an overnight and 6 day repo auctions at a weighted average of 7.75% and 7.80% respectively.

Rupee holds steady

The USD/LKR rate on spot contracts held steady to close the day at Rs.176.70/80 yesterday.

The total USD/LKR traded volume for 19 June was $ 141.24 million.

Some forward USD/LKR rates that prevailed in the market are: 1 month - 177.40/60; 3 months - 179.00/30; 6 months - 181.10/40.